Search En menu en ClientConnect

Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Hungary : € 200,000,000
Telecom : € 200,000,000
Signature date(s)
19/05/2008 : € 200,000,000
Link to source

Summary sheet

Release date
28 January 2008
Status
Reference
Signed | 19/05/2008
20070431
Project name
Promoter - financial intermediary
High Speed Mobile Network Expansion.

Magyar Telekom Tavkoezlesi Nyrt

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
EUR 400 million
Location
Sector(s)
Description
Objectives

Upgrading and development of the MTTN’s mobile networks, primarily to further support the deployment of broadband services in Hungary.

The project concerns the promoter’s coverage expansion and network upgrade of the existing second and third generation (2G / 3G) mobile network in Hungary. In particular the investments are geared to increase rural 3G coverage and to migrate the basic network infrastructure (including core, transmisson and radio access network) to a common and more cost efficient one, also allowing advanced broadband services.

Environmental aspects
Procurement

The project does not fall under Annex I or II of EIA directive 85/337/EEC, amended by directives 97/11/EC and 2003/35/EC. Generally mobile networks based on GSM/UMTS technology have limited environmental effects. The visual impact of base station towers or other impacts can be mitigated by appropriate construction and operation measures.

According to the new utility directive 2004/17/EC the Telecom sector is exempt from public procurement procedures due to its competitive nature. Hence the purchasing by the private promoter is no longer regulated and it might opt for other suitable procedures, which are in the interest of the project.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

Related publications